ICICI reshuffles executives
Mumbai: ICICI has made changes in portfolio allocations in its top tier of management.

While deputy managing director Lalita Gupte will head international and business process outsourcing, the other deputy MD H N Sinor will look after domestic banking.

N Vaghul, the non-executive chairman of ICICI, will continue to head the board of the merged entity that will be reconstituted in compliance with the Banking Regulation Act, 1949. K V Kamath will be the managing director and chief executive officer, with Sinor and Gupte being second in command in the capacity of deputy managing directors.

Kalpana Morparia, S Mukherji, Chanda D Kochhar and Nachiket M Mor - the four executive directors - have been demarcated separate portfolios.

Mor will continue to look after corporate and treasury operations and Kochhar will look after the retail sector wherein all personal finance services and retail staff will report to her. The retail portfolio has been identified as a focus area for the proposed merged entity.

Mukherji will head project finance and will be responsible for the sticky assets. Morparia will be responsible for all corporate services including legal, human resources management, investors and shareholder grievances, besides balance sheet and tax matters. ICICI's chief financial officer, Balaji Swaminathan, will report to her.
Back to News Review index page  

Sanjiv Goenka is IIT-K Chairman
Kolkata: Sanjiv Goenka, vice-chairman of the RPG Group, has been appointed as the Chairman of the Board of Governors of Indian Institute of Technology, Kharagpur.

IIT-KGP, which is currently celebrating its golden jubilee, is the country's first institute of technology and was set up in 1951. Goenka has been appointed as the chairman for a period of three years.
Back to News Review index page